Asset ManagerStuart Gray
Status Realised (2018)
Overview
- Sector transport
- Vehicle AEIF1
- Investment Year 2008
- Country UK
Key Metrics
- Ownership 62.6%
- GRESB 2018 9TH OUT OF 40 European Transport Assets
- Employees c.1,050
- Ports 8
- Freight Volume - 2017 c.41Mt
Market
- The UK port industry is the second largest in Europe, handling over 500 tonnes of freight and over 60 million international and domestic passenger journeys each year.
- 95% of the UK’s international trade (by volume) is transported to/from the UK by sea.
- Ports in the UK fall under either private, municipal or trust ownership.
- All three models are open to market forces, and are run independently as stand-alone, self-financing enterprises, free from systematic Government support or subsidy.
Asset
- Forth owns and operates eight commercial ports on the Firth of Forth, the Firth of Tay and the Thames: Tilbury (London), Grangemouth, Dundee, Leith (Edinburgh), Rosyth, Methil, Burntisland, Kirkcaldy.
- Third largest port owner and operator in the UK, with key points of access to Scottish & London markets.
- Self-regulatory regime.
- High proportion of income generated from long-term rental contracts and conservancy fees.
- Diversified cargo mix, customer base and revenue sources.